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rosijanka [135]
3 years ago
14

Consider the impact of the following two events in the television market.First, people are using more tablets and fewer televisi

on sets. Second, new production techniques decrease the production cost of television sets. What is the effect of these events on the equilibrium price and quantity of television sets? ​ Equilibrium Price Equilibrium Quantity
A. Decrease Increase
B.​ Decrease Decrease or increase
C.​ Decrease or increase Decrease
D. Increase Decrease or increase
Business
1 answer:
babunello [35]3 years ago
7 0

Answer:

The correct answer is option B.

Explanation:

As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.  

Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply.

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In order to restrain the smaller competitors in the market, the company sells some of its products at very low prices. This is a
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Answer:

Predatory pricing.

Explanation:

Predatory pricing is a strategy that is used by firms to gain customers, create barrier of entry from a market, or to drive competition out of the market. The firm prices it's products very low so that competitors cannot afford to sell at the same price.

This results in competitors going out of business. The result of predatory pricing is that there are few firms left in the industry, or there is establishment of a monopoly.

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3 years ago
What is a minimum balance when it comes to account requirement?
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<span>I would say A)minimum dollar amount that can be in an account  wouldn't want an account with just a dollar in it, it would be a waste of time and space.</span>
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3 years ago
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A video-recording system was purchased 4 years ago at a cost of $37,000. A 5-year recovery period and DDB (Double Declining Bala
AysviL [449]

Answer:

The trade in value is higher than the book value by $ 205

Explanation:

Computation of Book value

In a double declining balance method of depreciation, the rate of depreciation is double the straight line rate and is depreciated on a declining balance.

Cost of Equipment                                                                            $ 37,000

Estimated useful life ( Recovery Period)                                             5 years

Straight Line Depreciation rate                                                            20 %

Double declining Method depreciation  rate                                      40 %

Cost                                                                                                     $ 37,000

Depreciation for year 1   at 40 %                                                        <u>$(14,800)</u>

Depreciable basis for year 2                                                              $ 22,200

Depreciation for year 2   at40 %                                                       <u>$ ( 8,880)</u>

Depreciable basis for year 3                                                              $  13,320

Depreciation for year 3   at 40 %                                                        <u>$ (5,328)</u>

Depreciable basis for year 4                                                               $   7,992

Depreciation for year 4   at 40 %                                                        <u>$    3,197) </u>

Depreciable basis for year 5                                                                $  4,795

The depreciable basis for year 5 is the net book value after 4 years

The trade value is                                                                                  $ 5,000

The trade in value is higher by                                                             $     205

8 0
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Answer:$1,800

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